All Federally funded aid requires the completion of the Free Application for Federal Student Aid (FAFSA). Expected Family Contribution (EFC) is determined from the FAFSA. Cost of attendance is calculated by totaling estimated fees, tuition, books and supplies, and living expenses based on whether a student lives on campus, with parents, or off campus. Unmet need is calculated by subtracting the EFC and aid awarded from the Cost of Attendance. (Cost of Attendance-EFC-Aid=Unmet need).
- Federal Pell Grant
- A need-based program, 100 percent federally-funded. No repayment is required. Federal Pell Grants are awarded based on Expected Family Contribution (EFC) and hours enrolled. Awards range from $574 - $5,645 per year; however, the amounts have to be approved by Congress.
- Pell Grant for Service Member's Survivors
- Students who have lost a parent or guardian as a result of military service in Iraq or Afghanistan after September 11, 2001 may be eligible for maximum Pell Grant.
- Federal Supplemental Education Opportunity Grant (SEOG)
- A need-based program, 75% federally-funded and 25% institutionally-funded. No repayment is required. ICC has a limited amount of funds, and these funds are awarded to students with the highest amount of need and the lowest EFC. Grant amounts average approximately $100 - $4,000 per academic year.
- Federal Work-Study
- A need-based program. 75% federally-funded and 25% institutionally-funded. Students are generally prioritized on a first-come first-served basis. Students must complete the FAFSA and the ICC financial aid application indicating that they want to be considered for FWS. Award amounts average approximately $750 -$1,000 per semester and $1,500-$1,800 for summer term.
- TEACH Grant
- Grant Program that provides grants of up to $4,000 per year to students who intend to teach in a public or private elementary or secondary school that serves students from low-income families. The TEACH Grant is 100% federally-funded. As a recipient of a TEACH Grant, the student must teach for at least four academic years within eight calendar years of completing the program of study for which he/she received a TEACH Grant. IMPORTANT: If the student fails to complete this service obligation, all amounts of TEACH Grants that he/she received will be converted to a Federal Direct Unsubsidized Stafford Loan.
- Federal Direct Loan Program
- Students must complete the FAFSA, the ICC Financial Aid application and entrance counseling before being awarded a student loan and must be enrolled in at least six hours to receive loan funds. Students must have an unmet need to qualify for subsidized loans (Government pays the interest while in school). A freshman can borrow up to $3,500 subsidized loan per year. A sophomore can borrow up to $4,500 subsidized loan per year. Unsubsidized loans (interest starts accruing from the time the student takes out the loan) are also available. Dependent students can borrow up to $2,000 for the year. Independent students can borrow up to $6,000 per year. Student loans must be repaid.
- Parent PLUS Direct Loan Program
- Parents must apply for the Parent PLUS Direct Loan online at http://www.studentloans.gov. ICC Financial Aid will certify the loans. Parents can borrow up to the cost of attendance minus other financial aid and resources. PLUS loans must be repaid. The PLUS Loan request form must be completed. Students must be enrolled in at least six hours to receive loan funds.
Veterans Benefits and Mississippi National Guard Information
More Information can be found by calling 1.888.GIBILL1.
Download Veteran Financial Aid Document
MTAG and MESG
For information and applications on MTAG, MESG, and other State Programs, contact Mississippi Student Financial Aid, 3825 Ridgewood Road, Jackson, MS 39211-6453, call 1.800.327.2980, or visit Mississippi's Institutions of Higher Learning website http://www.mississippi.edu
County Guaranteed Tuition Programs
The County Tuition Grant programs are coordinated with Federal and State aid and scholarship funds to assure that your tuition will be paid for four consecutive regular academic semesters. Your participation in this program is contingent upon your compliance with a few requirements and the availability of program funds. More information and applications can be found under the Financial Aid Forms and the applications are available from January 1 to July 31. This program is available only for Chickasaw county, Itawamba county, Lee county, Monroe county, and Pontotoc county residents.